Vietnam PM pledges to facilitate US investment

Updated On: Sep 07, 2010

PM Dung said he has promised to create favourable conditions for foreign investors, including those from the US, to successfully do business in Vietnam. He made this commitment while hosting a reception in Can Tho City on Sept. 5 for a delegation from the US-ASEAN Business Council, who are attending a Mekong Delta investment and development conference.

The PM noted that economic, trade and investment relations between Vietnam and the US are growing fruitfully, with two-way trade exceeding 15.5 billion USD in 2009 and expected to reach a higher level this year. The flow of US investment in Vietnam has been rising, making the US its sixth largest source of FDI.

On behalf of the delegation, President of Catepillar Asia Pte Ltd. Kevin Thieneman said US companies are pouring more investments into Vietnam, especially in infrastructure development, IT, power, gas, airplane engine manufacturing, healthcare, biotechnology and banking.

PM Dung vows to facilitate US investment [SGGP, 6 September 2010]

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